Student CA CPT
130 Points
Joined March 2014
. Yogam consigned cost of goods of Rs. 1,00,000 at an invoice price of 20% above cost. Consignee is entitled to 5% commission on sales up to Invoice price, 20% on sales which exceeds invoice price, 2% delcredre commission on credit sales. He sold 25% of goods for cash for Rs. 40,000 and 50% of goods on credit for Rs. 70,000, 10% of goods taken by consignee. Calculate commission?
a) Rs. 10,500 b) Rs.9900 c) Rs.10,200 d) None of these
mam the answer for this question is A (10,500) but i got as 10,700. can u tel me wer did i go wrong??